Stop Cash Shrink

As marijuana sales skyrocket, companies have been forced to deal under the table. Transactions are always in cash, meaning business exchanges and payments are cash as well. It’s a seedy practice that many dispensary owners are tired of.

A lack of access to banking services is, quite frankly, the single most dangerous thing about the legal sale of marijuana for medical or social use, Aldworth says.

The lack of banking for marijuana dispensaries puts both patients and employees at risk. While some dispensaries are attempting to convert as much of their cash as possible to a digital currency, it’s inevitable the marijuana industry will remain a cash heavy industry.

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[…] As marijuana sales skyrocket, companies have been forced to deal under the table. Transactions are always in cash, meaning business exchanges and payments are cash as well. It’s a seedy practice that many dispensary owners are tired of. A lack of access to banking services is, quite frankly, the single most dangerous thing about the […]